A machine valued at N20,000 depreciates by 10% every year. What will be the value of the machine at the end of two years?

Assessment: JAMB UTME - Mathematics - 2018 Subject: General Mathematics

Question 1 Report

A machine valued at N20,000 depreciates by 10% every year. What will be the value of the machine at the end of two years?
Answer Details
Since it depreciates by 10% At the end of first year, its value = 90% of 20000
=  90 100  x 20000 =18000
At the end of second year, its value = 90% of 18000
=  90 100  x 18000 = ₦16,200

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